It may be the holiday break, but in the rest of the world, business goes on. Here is a quick snapshot of some key news and data overnight.
"Most Americans" say, tax the rich.
HSBC has raised its market-leading short-term fixed mortgage rates. It has retained a noticeable advantage however.
PGGWrightson Finance has changed many of its term deposit rates, pushing some longer-term ones as high as 8.50%. Even with the Government-guarantee, you can now get 8% for a big TD.
The US deposit guarantee agency, the FDIC, is suing bank executives of institutions who failed, for billions.
World food prices are spiking higher, and the UN is worried.
more below ...
|8 am||--- 52 week --|
|Crude oil||in US$/bl||90.52||88.84||91.45||70.15|
|US Treasuries||30 yr bond||4.44%||4.39%||4.78%||3.61%|
China may be about to help 'rescue' Spain by buying its government bonds.
The DomPost is reporting that the IRD is about to take more of the funds the receivers have recovered in Bridgecorp, leaving investors with an even smaller potential recovery. It is the second time the IRD has done this.